Federal RuleAug 21
62
DOL Rewrites Disability Rules for 'Merit-Based Opportunity' Push
RuleLabor DepartmentFederal Contract Compliance Programs OfficeSignificant Wallet
115-hr-6866115th Congress
To clarify exclusions from the definition of a deposit broker.
Sponsored By: Representative LaHood, Darin [R-IL-16]
Unknown
Summary
This bill excludes from the definition of "deposit broker" an entity that is an exclusive agent of an insurance company and an affiliated depository institution. Deposit brokers place, or facilitate the placement of, deposits in a depository institution. Generally, under current law, an insured depository institution that is not well capitalized may not accept funds obtained by or through any deposit broker for deposit. This bill excludes certain deposits from those restrictions.
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Bill Overview
No Economic Impacts Identified for this Bill
Sponsors & CoSponsors
Sponsor
LaHood, Darin [R-IL-16]
IL • R
Cosponsors
Rep. Bustos, Cheri [D-IL-17]
IL • D
Sponsored 9/24/2018
Rep. Davis, Rodney [R-IL-13]
IL • R
Sponsored 10/5/2018
Roll Call Votes
No roll call votes available for this bill.
View on Congress.gov